Weekend Update – All eyes on the Fed
Last week we had the bounce we were expecting early in the week. We then had a false breakout of the triangle to the...
SPX Falls 50 Points
Quick update:
Bears attacked early and often today. The bottom line is: that with today's move we can start to consider this the second test...
Weekend Update – Bond Special
The beginning of this week may play out similar to the beginning of last week. There is a pretty good chance that we will...
Triple Bottom or Bust
Short-term:
Two weeks ago we saw a nice bounce due to the dovish comments by Chair Powell that bought...
Range Likely to Continue
Short-term:
Bulls failed last week in trying for a strong close to the week and ultimately for June. This likely means that the 5 month...
Pullback
Short-term:
Last week, the Bulls made another attempt to push higher but the Bears answered right back on Friday. This leads us to believe that...
2900?
Short-term:
We saw a few more speed bumps last week as well as some capitulation. We are also at just extreme, never before seen overbought...
Range
Short-Term:
Last week we treaded water a bit but Bulls were able to close strong on Friday. This increases Monday's importance. Another Strong up day...
Historically the Worst Month of the Year
Short-Term:
Last week, as expected, the market popped on a jobs report miss. We also did see another small 1-2% pullback into the July range....
Bullish Pressure Still Building
Short-term:
Currently, the market is stuck in a small trading range within the much larger longer term range. Bullish pressure continues to build and the...